A major reprieve just may be in the offing for the battered bitcoin bulls in the next 36 hours – if, that is, historical patterns repeat themselves.
Bitcoin's retreat from Sunday's high of $7,779 has poured cold water over the bull mood generated by the weekend's positive price action.
Bitcoin looks primed for a move to $8,000, but low trading volumes point to the risk of a bull trap.
A long-term moving average has turned bearish for the first time in four years, threatening to impede continued gains in bitcoin's price.
Bitmain has been criticized over one of its mining products, the AntMiner B3, with users making allegations about its marketing and quality control.
Bitcoin's corrective rally is gathering traction and may cross a key resistance hurdle soon, the technical charts indicate.
Bitcoin regained poised on Tuesday, climbing back to over $7,550, but the bulls still have work to do.
It's getting really strange out there on crypto Twitter, as these six notable examples amply illustrate.
Prosecutors in Germany have made an emergency sale of cryptocurrencies seized in two investigations due to concerns over price volatility.
Bitcoin is down again and looks set to test another key support level at $6,900, the technical charts indicate.